share

AIRASIA (5099) : AIRASIA GROUP BERHAD

airasia
Withdrawal of Europe & India (London, Paris, New Delhi and Mumbai) route may hurt the positioning of AirAsia X in the regions.

The KL-London route as incurring RM56.9m of losses, while the KL-Paris, KL-Delhi and the KL-Mumbai route losses were RM43.5m, RM29.1m and RM21.3m respectively.

The rationalisation exercise was clear for long term benefits.


10 Feb 2012, 11:46 PM
airasia
For the full year FY11, AIRA carried 18m passengers, another respectable 12% growth.
(4.8m passengers in Q4)

Floods in Thailand weaken the load factor in the last Q, but expected to be manageable at 3% or below.

Significant growth still will be from Thailand, while Indonesia is recovering.

Bottomline, anticipate AIRA reduced its earning 7~10% primary on:
- high fuel price at 1H of FY11
- weak loading at Indonesia below 80% target
- floods in Thailand at Q4.

Outlook for FY12 re-gain positive with:
- listing of ARIA-X
- focus operation (streamline loss-making Eur/ India routes and re-deploy profitable Sydney, Japan and domestic Asean)
- exist of Firefly (Scoot yet gaining any branding advantage)
- best value among peers (ROE ~ 20% with PER below 10).
16 Feb 2012, 12:38 AM
BTKSM
What happend to AirAsia net profit? Suddenly shot up so muchstar
Potentially announce special dividenddrool
29 Aug 2012, 08:34 AM
Sukagtl
Airasia is cooking after Airasia X go listing, we can see the food is ready. Another 1.0+ bn may flow in.
23 Nov 2012, 04:26 PM
BTKSM


Now everyone can flylollollol
26 Feb 2013, 10:32 PM
clow8

I am new, what is interim dividend mean? Is that mean I can get 18 cents per share if I am holding airasia share?
27 Feb 2013, 09:49 AM
BTKSM


You can google the meaningsmile
Yes, you are rightlol
And also final dividend 6 cent (subject to shareholder approval in AGM)yeah
Total 24 centdrool
27 Feb 2013, 10:02 AM
clow8

Thought want to sell it to earn 8% yeah
oh, then I have to keep my share now until I got the dividend. thumbup
but....I bought the share on last 2 weeks, is that entitled?
27 Feb 2013, 10:08 AM
BTKSM


Yes, entitled as long as you bought the share before the ex-datesmile
27 Feb 2013, 10:19 AM
clow8

wow....then I have to hold it until 11/3
27 Feb 2013, 10:38 AM
Coming_Millionaire
Recent Air Asia X and Indonesia Air Asia IPO will benefit to the company
14 May 2013, 05:37 PM
CNY2012
RHB Research maintains Buy on AirAsia, FV RM3.70

KUALA LUMPUR: RHB Research has maintained its Buy call on AirAsia with a fair value of RM3.70 and believes its earnings outlook remains promising as competition wanes and as its cost structure improves further when KLIA2 commences in FY14.

In a note on Friday, RHB said AirAsia’s share price has retreated by about 12% since the low cost carrier released its 9M13 results.

“We think the selldown has been excessive and was, in part, exacerbated by the US Federal Reserve’s move to start scaling back on its quantitative easing (QE) programme.

“We note that AIRA’s foreign shareholding has fallen to 49% as at end-November from 52% in 1H13. In our opinion, the selldown by foreign shareholders may have bottomed, noting that the previous low in late Nov 2012 was 49%,” it said.

Meanwhile, RHB said Malindo’s owners - Indonesian billionaire Rusdi Kirana (Lion Air owner) and National Aerospace Defence & Industries (NADI) – have fallen out, and that the latter may pull out from the business

“We note that Malindo Air has denied any conflict among its shareholders.

“We expect 2014 to remain a challenging year as Malindo Air continues to spread its wings, but we think the carrier may ease up on the aggressive price competition due to its high cost structure.,” it said.

RHB noted carriers in Malaysia are likely to focus on cost savings in FY14, but this is not new for AirAsia, as cost control is instilled in its corporate culture.

“Should both Malindo Air and Malaysia Airlines adopt a more conservative approach in their expansion plans and pricing strategies, this will limit the downward pressure on AirAsia’s yields,” it said.
04 Jan 2014, 12:58 PM
LCCHONG
AIRASIA Analysis - http://lcchong.wordpress.com/2014/02/27/airasiafundamental-analysis-27-feb-2014/
27 Feb 2014, 10:55 PM
CNY2012
AmResearch maintains its Hold call on AirAsia

KUALA LUMPUR: AmResearch maintains its “hold” call on AirAsia at an unchanged fair value of RM2.50 a share following a recent post-results discussion with management.

It said on Wednesday that from a 15% average equity in the current fleet, some of the new NEOs will entail 40% equity coming from old A320 sales proceeds (net of US$20mil or RM65.49mil per aircraft).

The impact however, will be very gradual, AmResearch added.

The first four NEOs will be delivered in FY16 but the majority will be delivered in FY17 and beyond at a rate of 24-34 per annum vs. sales of 6-9 old A320 per annum. Unit cost is targeted to be reduced by 4% to 5% in FY14.

AmResearch said measures include reduction in fuel uptake, merging operational functions with AirAsia X, and renegotiation of engineering contracts.

“However, the savings are in ringgit terms and these might be negated by the strength of the US dollar; year-to-date average at RM3.3 to US$1 versus FY13 forecast average of 3.15. Our model factors in RM3.20:USD.

“Every 10 sen weakening in the ringgit:US dollar impacts bottomline by 7%. Management has no plans to hedge operational forex requirements currently,” the research house said.

AmResearch added ancillary revenue was to increase RM5 to RM7 per pax to RM47 by allowing pre-bookings up to 60 minutes before flight, incentives for travel agents and bundling of other transportation modes.

New ancillary initiatives will add a further RM3 per pax such as on-board Wi-Fi and Duty Free products.

“Our projections model in RM47-RM49 per pax of ancillary income over FY14-16F,” the research house said, adding that Project Emirates was to increase loads by 2 percentage points to 82%.

“The key midterm strategy is to leverage on KLIA2 and better connectivity from Fly-Thru to grow corporate base from 2% currently. The delay in KLIA2 completion does not result in incremental cost to AirAsia, according to management. However, we think it is a constraint on AirAsia’s capacity expansion.

“AirAsia is slowing capacity growth, with deferred deliveries of seven A320s in FY14 and 12 in FY15. These will be converted into NEOs,” it added.

AmResearch said that listing plans for Indonesia AirAsia would likely be shelved as management prefers instead to consolidate all its units under one holding company.

However, this may take time as it requires approval and lobbying of individual governments that Air Asia operates in.

The idea in the past was for the mature associates to recapitalise and undertake their own on balance sheet aircraft, and create a ring fence around AirAsia from further sub-funding.

While AirAsia fared well relative to local peers, the research house said the earnings momentum had slowed significantly given competitive pressure, constraints to expand and a weaker ringgit, which might offset a big part of the group’s unit cost reduction drive.
06 Mar 2014, 09:30 AM
LCCHONG
AIRASIA analysis - https://lcchong.wordpress.com/2014/08/24/airasia-fundamental-analysis-24-aug-2014/
24 Aug 2014, 10:36 PM
LCCHONG
AIRASIA analysis - http://lcchong.wordpress.com/2014/11/20/airasia-fundamental-analysis-20-nov-2014/
20 Nov 2014, 02:39 PM
LCCHONG
AIRASIA analysis - https://lcchong.wordpress.com/2015/03/03/airasia-fundamental-analysis-3-mar-2015/
03 Mar 2015, 11:06 PM
LCCHONG
AIRASIA Analysis - https://lcchong.wordpress.com/2015/05/29/airasia-fundamental-analysis-29-may-2015/
29 May 2015, 10:13 PM
LCCHONG
https://lcchong.wordpress.com/2015/06/20/gmt-research-on-airasia-the-da-vinci-code-alike-analysis/
20 Jun 2015, 11:10 PM
FrancissC
See what O'Mighty thinks of AIRASIA

https://www.facebook.com/omightycap/posts/518404521656553
26 Aug 2015, 12:21 PM

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